United Spirits Limited

BSE: UNITDSPR532432ISIN INE854D01024

Fast Moving Consumer Goods
Breweries & Distilleries
BSE 100

BSE listing

Share price

₹1,390.00+2.05 (+0.15%)

as of 18 Sep 2026

52W high: ₹1,575.75
52W low: ₹1,210.40
Off 52W high: -11.79%
1M return: -8.55%
3M return: +5.32%
6M return: +6.87%
1Y return: +4.70%
20D avg volume: 24,527
50 DMA: ₹1,468.07
200 DMA: ₹1,376.27

Key ratios Consolidated

Market cap: ₹1,01,102 Cr
Current price: ₹1,390.00
52W high / low: ₹1,575.75 / ₹1,210.40
Face value: ₹2.00
P/E: 53.69
P/B: —
EPS (TTM): ₹25.89
Book value / share: —
ROE: —
ROCE: 24.70%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-853.00 Cr
Interest cover: 15.09
Dividend yield: 1.22%
Dividend / share (TTM): ₹17.00
Payout: 65.66%
Cash conversion cycle: 51.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	6,122	6,855	7,942	7,199	6,295	6,634	7,732	6,672	6,238	6,511	6,962	6,736
	73.00	295.00	51.00	81.00	72.00	175.00	72.00	54.00	35.00	111.00	52.10	40.10
	5,795	6,407	7,442	6,625	5,776	6,266	7,256	6,264	5,619	6,279	6,555	6,361
	1,179	1,736	1,448	1,638	1,185	1,402	1,493	1,460	1,088	1,358	1,309	1,527
	60.00	90.00	151.00	432.00	135.00	185.00	343.00	195.00	141.00	155.00	220.60	234.90
	133.00	142.00	177.00	179.00	137.00	137.00	174.00	163.00	135.00	135.00	142.20	143.90
	30.00	69.00	19.00	21.00	49.00	22.00	20.00	25.00	22.00	29.00	16.40	26.20
	72.00	76.00	80.00	65.00	76.00	70.00	72.00	69.00	72.00	73.00	62.80	65.30
	4,098	4,513	5,206	4,682	4,086	4,401	—	363.00	432.00	474.00	352.60	393.90
	400.00	743.00	551.00	655.00	591.00	543.00	548.00	462.00	654.00	343.00	459.40	415.30
	-81.00	-40.00	-10.00	-30.00	-14.00	0.00	-65.00	0.00	0.00	-31.00	0.00	30.70
	319.00	703.00	541.00	625.00	577.00	543.00	483.00	462.00	654.00	312.00	459.40	446.00
	82.00	135.00	123.00	160.00	154.00	121.00	145.00	119.00	168.00	71.00	109.10	106.30
	462.50	539.00	417.70	464.00	417.00	421.00	335.00	341.00	485.00	241.00	350.20	339.30
	6.52	8.00	5.88	6.53	5.87	5.93	4.72	4.80	6.83	3.40	4.93	4.78
Key metrics
	421.00	848.00	640.00	711.00	702.00	635.00	575.00	556.00	748.00	414.00	538.60	537.50
	6.90%	12.40%	8.10%	9.90%	11.20%	9.60%	7.40%	8.30%	12.00%	6.40%	7.70%	8.00%
	7.60%	7.90%	5.30%	6.40%	6.60%	6.30%	4.30%	5.10%	7.80%	3.70%	5.00%	5.00%
	—	8.00%	—	7.30%	—	6.60%	—	—	—	—	—	—
	-2.70%	3.30%	2.70%	7.90%	0.90%	1.90%	11.10%	-1.00%	—	—	—	—
	10.90%	28.00%	24.70%	36.10%	-14.00%	74.70%	-4.30%	0.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY22	FY21	FY20	FY19	FY18
Income statement
	28,118	27,816	27,276	26,018	31,062	27,418	28,824	28,872	26,556
	500.00	478.00	336.00	225.00	35.50	39.60	22.00	69.20	218.90
	26,269	25,977	25,405	24,368	29,846	26,852	27,749	27,931	25,818
	6,001	6,007	5,443	5,254	4,797	3,973	4,640	4,254	4,126
	733.00	808.00	864.00	675.00	577.30	349.40	290.70	283.20	228.80
	631.00	635.00	609.00	547.00	653.10	556.40	530.00	689.80	680.90
	139.00	158.00	89.00	76.00	88.00	187.60	212.00	237.20	271.00
	293.00	289.00	283.00	275.00	303.80	299.10	285.30	214.70	—
	18,499	18,221	18,027	1,677	1,478	1,441	1,532	1,659	1,577
	2,349	2,317	2,207	1,875	1,252	605.60	1,097	1,011	956.30
	-161.00	-91.00	-65.00	-17.00	-165.20	-64.30	66.60	2.60	-44.50
	2,188	2,226	2,142	1,858	1,087	541.30	1,164	1,014	911.80
	500.00	510.00	553.00	449.00	276.00	177.90	539.70	328.10	259.90
	1,883	1,838	1,582	1,408	810.60	362.10	620.60	683.60	651.90
	26.93	25.89	22.28	19.83	11.68	5.41	9.29	9.87	—
Key metrics
	2,620	2,673	2,514	2,209	1,478	1,028	1,661	1,465	1,183
	9.32%	9.60%	9.20%	8.50%	4.80%	3.70%	5.80%	5.10%	4.50%
	6.70%	6.60%	5.80%	5.40%	2.60%	1.30%	2.20%	2.40%	2.50%
	—	24.70%	26.20%	—	—	—	—	—	—
	—	2.00%	4.80%	-16.20%	13.30%	-4.90%	-0.20%	8.70%	—
	—	16.20%	12.40%	73.70%	123.90%	-41.70%	-9.20%	4.90%	—
	—	1,278	1,785	—	—	—	—	—	—
	—	0.79	1.23	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	-853.00	-1,328	—	—	—	—	—	—
	—	51.1	46.4	—	—	—	—	—	—
Balance sheet
	—	14,469	13,248	—	—	—	—	—	—
	—	9,862	9,202	—	—	—	—	—	—
	—	859.00	1,328	—	—	—	—	—	—
	—	3,609	3,410	—	—	—	—	—	—
	—	2,668	2,305	—	—	—	—	—	—
	—	393.00	306.00	—	—	—	—	—	—
	—	1,215	1,307	—	—	—	—	—	—
	—	2,383	2,239	—	—	—	—	—	—
	—	4,818	4,722	—	—	—	—	—	—
	—	6.00	0.00	—	—	—	—	—	—
	—	6.00	0.00	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	8,957	8,104	—	—	—	—	—	—
Cash flow
	—	1,459	1,947	—	—	—	—	—	—
	—	-428.00	-1,114	—	—	—	—	—	—
	—	-1,450	-557.00	—	—	—	—	—	—
	—	181.00	162.00	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	6,113	6,838	7,928	7,192	5,823	6,549	7,731	6,671	5,829	6,394	6,949	6,734
	222.00	295.00	144.00	76.00	61.00	170.00	190.00	34.00	32.00	229.00	46.10	38.80
	5,781	6,387	7,408	6,606	5,525	6,134	7,235	6,258	5,458	6,132	6,537	6,355
	1,175	1,729	1,447	1,637	1,185	1,402	1,493	1,460	1,088	1,358	1,309	1,527
	60.00	90.00	151.00	432.00	135.00	185.00	343.00	195.00	141.00	155.00	220.60	234.90
	133.00	140.00	172.00	175.00	136.00	137.00	173.00	162.00	133.00	134.00	141.00	142.90
	30.00	69.00	19.00	21.00	49.00	22.00	20.00	25.00	22.00	29.00	16.40	26.20
	70.00	71.00	79.00	65.00	68.00	68.00	72.00	69.00	65.00	71.00	62.80	65.30
	4,091	4,501	5,183	4,668	3,844	4,271	395.00	359.00	280.00	333.00	337.80	390.40
	554.00	746.00	664.00	662.00	359.00	585.00	686.00	447.00	403.00	491.00	458.30	417.40
	-81.00	-40.00	-10.00	-30.00	-11.00	0.00	-65.00	—	—	-31.00	—	30.70
	473.00	706.00	654.00	632.00	348.00	585.00	621.00	447.00	403.00	460.00	458.30	448.10
	82.00	135.00	125.00	160.00	90.00	134.00	148.00	112.00	104.00	76.00	110.20	106.80
	391.00	571.00	529.00	472.00	258.00	451.00	473.00	335.00	299.00	384.00	348.10	341.30
	5.38	7.85	7.27	6.49	3.55	6.20	6.50	4.61	4.11	5.28	4.79	4.69
Key metrics
	573.00	846.00	752.00	718.00	465.00	675.00	713.00	541.00	490.00	560.00	537.50	539.60
	9.40%	12.40%	9.50%	10.00%	8.00%	10.30%	9.20%	8.10%	8.40%	8.80%	7.70%	8.00%
	6.40%	8.40%	6.70%	6.60%	4.40%	6.90%	6.10%	5.00%	5.10%	6.00%	5.00%	5.10%
	—	8.50%	—	7.80%	—	7.40%	—	—	—	—	—	—
	5.00%	4.40%	2.50%	7.80%	-0.10%	2.40%	11.30%	-0.90%	—	—	—	—
	51.60%	26.60%	11.80%	40.90%	-13.70%	17.40%	35.90%	-1.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	28,071	27,781	26,780	25,389	27,578	30,731	27,176	28,589	28,512	26,069
	737.00	576.00	426.00	335.00	74.20	41.50	47.80	45.50	95.20	206.00
	26,182	25,926	25,085	24,021	26,533	29,540	26,604	27,501	27,589	25,444
	5,988	5,998	5,443	5,254	5,337	4,799	3,989	4,624	4,225	4,069
	733.00	808.00	864.00	675.00	864.20	577.30	349.40	290.70	289.20	237.50
	620.00	623.00	605.00	543.00	607.10	633.50	540.40	514.30	675.30	660.10
	139.00	158.00	89.00	76.00	103.90	64.90	165.80	190.70	220.00	261.10
	285.00	283.00	274.00	264.00	270.60	254.20	249.30	227.50	144.50	135.10
	18,443	18,196	17,720	1,352	1,368	1,271	1,273	1,384	1,457	1,411
	2,626	2,431	2,121	1,703	1,118	1,233	620.40	1,133	1,018	831.30
	-161.00	-91.00	-65.00	-17.00	170.90	-209.10	-151.40	1.30	-26.70	9.00
	2,465	2,340	2,056	1,686	1,289	1,024	469.00	1,135	991.40	840.30
	502.00	510.00	498.00	374.00	237.60	254.20	158.70	430.00	332.80	278.60
	1,963	1,830	1,558	1,312	1,052	769.80	310.30	704.70	658.60	561.70
	26.99	25.16	21.42	18.04	14.46	10.59	4.27	9.70	9.06	—
Key metrics
	2,889	2,781	2,419	2,026	1,664	1,343	884.10	1,553	1,356	1,236
	10.29%	10.00%	9.00%	8.00%	6.00%	4.40%	3.30%	5.40%	4.80%	4.70%
	6.99%	6.60%	5.80%	5.20%	3.80%	2.50%	1.10%	2.50%	2.30%	2.20%
	—	27.60%	26.10%	—	—	—	—	—	—	—
	—	3.70%	5.50%	-7.90%	-10.30%	13.10%	-4.90%	0.30%	9.40%	—
	—	17.50%	18.80%	24.80%	36.60%	148.10%	-56.00%	7.00%	17.30%	—
	—	1,302	1,444	—	—	—	—	—	—	—
	—	0.81	1.03	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-855.00	-1,150	—	—	—	—	—	—	—
	—	50.9	46.9	—	—	—	—	—	—	—
Balance sheet
	—	13,864	12,718	—	—	—	—	—	—	—
	—	9,737	8,817	—	—	—	—	—	—	—
	—	855.00	1,150	—	—	—	—	—	—	—
	—	3,592	3,288	—	—	—	—	—	—	—
	—	2,659	2,305	—	—	—	—	—	—	—
	—	391.00	297.00	—	—	—	—	—	—	—
	—	1,212	1,307	—	—	—	—	—	—	—
	—	2,377	2,152	—	—	—	—	—	—	—
	—	4,797	4,489	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	8,721	7,879	—	—	—	—	—	—	—
Cash flow
	—	1,483	1,606	—	—	—	—	—	—	—
	—	-335.00	-950.00	—	—	—	—	—	—	—
	—	-1,443	-527.00	—	—	—	—	—	—	—
	—	181.00	162.00	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +0.25%
Sales CAGR 5Y: +0.44%
Sales CAGR 10Y: —
Profit CAGR 3Y: +20.28%
Profit CAGR 5Y: +42.60%
Profit CAGR 10Y: —
Sales YoY (TTM): +4.84%
Profit YoY (TTM): +29.40%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: +0.29%
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: +38.39%
Profit CAGR 10Y: —
Sales YoY (TTM): +2.87%
Profit YoY (TTM): +24.39%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 56.67%

Holder	Type	Holding	Previous	Change
Diageo Relay B.V.	Promoter	55.88%	—	—
HDFC Mutual Fund - Various Schemes	Public	4.34%	—	—
USL Benefit Trust	Public	2.38%	—	—
Aditya Birla Sun Life Trustee Private Limited A/c - Various Schemes	Public	1.90%	—	—
Kotak Mahindra Trustee Co Ltd A/c - Various Schemes	Public	1.58%	—	—
ICICI PRUDENTIAL - Various Schemes	Public	1.30%	—	—
Nippon Life India Trustee Ltd - Various Schemes	Public	1.24%	—	—
Government Pension Fund Global	Public	1.07%	—	—
United Breweries (Holdings) Limited	Promoter	0.76%	—	—
Vittal Investments Private Limited	Promoter	0.02%	—	—
Vijay Mallya	Promoter	0.01%	—	—
Kingfisher Finvest India Limited	Promoter	0.00%	—	—
Mallya Private Limited	Promoter	0.00%	—	—
Rossi and Associates Private Limited	Promoter	0.00%	—	—
Devi Investments Private Limited	Promoter	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Intimation regarding completion of investment in Nuvola Spirits Private Limited18 Sep 2026 · Company Update / General
Schedule of Analysts/ Institutional Investors meeting - Conference10 Sep 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of SEBI Listing Regulations - ESG Ratings3 Sep 2026 · Company Update / General
Schedule of Analysts/ Institutional Investors meeting - Conference31 Aug 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of SEBI Listing Regulations - ESG Ratings26 Aug 2026 · Company Update / General
Schedule of Analysts/ Institutional Investors meeting - Conference25 Aug 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of SEBI Listing Regulations21 Aug 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI Listing Regulations19 Aug 2026 · Company Update / General
Newspaper Advertisement - SEBI Special Window18 Aug 2026 · Company Update / Newspaper Publication
Disclosure under Regulation 30 of SEBI Listing Regulations.13 Aug 2026 · Company Update / Change in Management
Voting Results on 27th Annual General Meeting along with Scrutinizer''s Report6 Aug 2026 · AGM/EGM / AGM
Disclosure under Regulation 30 of SEBI Listing Regulations5 Aug 2026 · Company Update / General
Schedule of Analysts/ Institutional Investors meeting - Conference5 Aug 2026 · Company Update / Analyst / Investor Meet
Outcome and proceedings of 27th Annual General Meeting of the Company.4 Aug 2026 · AGM/EGM / AGM
Disclosure under Regulation 30 of SEBI Listing Regulations3 Aug 2026 · Company Update / General
Earnings call transcript - Q1FY2730 Jul 2026 · Company Update / Earnings Call Transcript
Link for recording of Investor Call Q1FY2723 Jul 2026 · Company Update / Analyst / Investor Meet
Copy of newspaper publication23 Jul 2026 · Company Update / Newspaper Publication
Financial Results for quarter ended June 30, 202622 Jul 2026 · Result / Financial Results
Disclosure under Regulation 30 of SEBI Listing Regulations - Share Subscription and Shareholder Agreement in relation to acquisition in Nuvola Spirits Private Limited22 Jul 2026 · Company Update / Memorandum of Understanding /Agreements
Acquisition in Nuvola Spirits Private Limited22 Jul 2026 · Company Update / Acquisition
Financial Results for quarter ended June 30, 202622 Jul 2026 · Result / Financial Results
Press Release for quarter ended June 30, 202622 Jul 2026 · Company Update / Press Release / Media Release
Outcome of Board Meeting in accordance with SEBI Listing Regulations 2015 - Financial Results22 Jul 2026 · Board Meeting / Outcome of Board Meeting
Financial Results for quarter ended June 30, 202622 Jul 2026 · Result / Financial Results
Intimation of Investors call pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI Listing Regulations.15 Jul 2026 · Company Update / Analyst / Investor Meet
Newspaper publication - Notice of 27th Annual General Meeting and e-voting11 Jul 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Report for FY2025-2610 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Integrated Annual Report for FY2025-26.10 Jul 2026 · Others / Reg. 34 (1) Annual Report
Pursuant to Regulation 30 of SEBI Listing Regulations, kindly find enclosed Notice of 27th AGM of the Company.10 Jul 2026 · AGM/EGM / AGM
United Spirits Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/07/2026 ,inter alia, to consider and approve the unaudited financial results ....10 Jul 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 201810 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Disclosure under Regulation 30 of SEBI Listing Regulations - Update on closure of factory operations8 Jul 2026 · Company Update / General
Appointment of Mr. Daniel Mobley (DIN: 11790849) as an Additional Director (Non-Executive, Non-Independent Director) of the Company effective 6th July 20263 Jul 2026 · Company Update / Change in Directorate
Intimation of trading window closure26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Advertisement - SEBI Special Window19 Jun 2026 · Company Update / Newspaper Publication
Appointment of Mr. Vinod Rao (DIN: 01788921) as an Additional Director (Non-Executive Independent Director) of the Company effective 13th June 2026.12 Jun 2026 · Company Update / Change in Directorate
Schedule of Analysts/ Institutional Investors meeting - Conference10 Jun 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of SEBI Listing Regulations - Closure of factory operations4 Jun 2026 · Company Update / General
Schedule of Analysts/ Institutional Investors meeting - Conference29 May 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 11.0000	8 Jul 2026	8 Jul 2026	—
Interim Dividend - Rs. - 6.0000	27 Jan 2026	27 Jan 2026	—
Final Dividend - Rs. - 8.0000	1 Aug 2025	1 Aug 2025	—
Interim Dividend - Rs. - 4.0000	3 Apr 2025	3 Apr 2025	—
Final Dividend - Rs. - 5.0000	12 Jul 2024	12 Jul 2024	—

Board meetings

22 Jul 2026 Board Meeting - Financial Results